Tullow sees first Kenyan crude shipments in first half of 2019
Oil company’s Guyana drilling plans fast-forwarded
Africa-focused Tullow Oil expects the first crude shipments from its Kenyan oilfields in the first half of 2019 and is pricing the product for the market, the company's CEO says. Paul McDade said that Tullow, which has expanded beyond Africa to the coast of Guyana, was bringing forward its drilling plans for the South American country and was looking to drill at least two wells there in the middle of 2019. In Kenya, one of Africa’s newest oil plays where Tullow is already trucking crude, the next phase is getting ready to roll. “We will have a shipment of Kenyan crude ready to go probably in the first or second quarter of next year. We will market that and it allows the refiners to see the crude and try the crude so that helps the marketing process,” McDade said on the sidelines of the Africa Oil Week conference. The price for crude from Kenya and neighbouring Uganda has not yet been fixed. The product is light crude but is waxy, a drawback as it needs to be heated for transport to ...
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